ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Friday Nov 24th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

Santander and EtherCamp Join Together to Issue Cash with Ethereum

By

Brianne

Rivlin

WriterETHNews.com

The Spanish mega-bank, Santander, a Devcon2 Gold Sponsor, announced their partnership with Ether.Camp to create “Cash Eth”.

The Spanish mega-bank, Santander, who is a Devcon2 Gold Sponsor, announced their partnership with Ether.Camp to create “Cash Eth”.

There was a big reveal at Devcon2 in Shanghai when Ether.camp founder, Roman Mandeleil, took to the stage to present their latest efforts in merging Ethereum with real-world uses. The concept of Cash Eth allows users to link an Ethereum address with their official Santander bank account. The announcement to issue cash on a live public blockchain comes as one of the biggest breakthroughs and tangible use-cases in blockchain technology. Cash Eth is currently running on the Ethereum testnet, Morden, and Mandeleil states, “it’s a working system on the test network.”

Roman Mandeleil told IBTimes UK:

"It's a way of using a Santander bank account to convert fiat currency into tokens to be used on Ethereum.

It gives them a very nice way to do features. One of those is going to take dollars, put them in a frozen account, and give you an amount of tokens that is backed by this reserve.

So it's not a gold reserve but it's a dollar reserve. You are going to upload these tokens into the blockchain and you are going to have the stability of real dollars or euros. And you are going to have the agility of Ethereum blockchain.”

Mandeleil also announced that he hopes Cash Eth will be live next year, and is heading to Madrid after Devcon2 to continue his work with Santander. He was hoping it would be live in a matter of months, but dealing with banking systems has presented a lot of roadblocks. 

Check out the demo video by ether.camp:

Brianne Rivlin

Brianne Rivlin has been writing within the internet field for over seven years. During the last few years, she has been heavily influenced by blockchain tech, virtual currencies, and Ethereum.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Santander, CashEth or other Ethereum technology news.